Business Banking Underwriter I at M&T Bank

Wilmington, Delaware, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree in Business Administration and one year commercial or business banking underwriting or related credit processing experience, or in lieu of a degree, a combined minimum of 5 years higher education and/or work experience to include one year commercial or business banking underwriting or related credit processing experience
Understanding of governmental credit support available to small business loans (SBA programs)
Working knowledge or financial statements, tax returns, and credit reports (preferred)
Knowledge of Microsoft Excel and Word (preferred)
Self-motivated, well organized and positive demeanor (preferred)
Strong verbal and written communication skills coupled with attractive negotiation skills (preferred)
Ability to work under critical time constraints (preferred)
Ability to function professionally at many different levels (clients, management, peers, etc.) and consistently maintain a high level of professionalism and service (preferred)

Responsibilities

Evaluate commercial loan/lease applications received primarily through the branch network channel (and potentially via online channel), including secured and unsecured term loans, commercial mortgages, lines of credit, letters of credit, and equipment leases
Evaluate each loan applicant’s financial condition, cash flow, and credit history to make appropriate loan decisions within individual lending authority (primarily new credit requests of $25,000 or less, group credits/renewals up to $100,000)
Prepare credit analysis for commercial loan applications and enter credit applications into the credit system for underwriter review
Conduct credit investigations and prepare loan packages for underwriters and SBA officers for more complex and/or non-routine deals
Initiate and process credit requests in the credit system for underwriters
Interact with loan underwriters, bank office managers, various SBA personnel, and external customers throughout the underwriting process
Research M&T Bank systems for the status of loan and deposit accounts and enter into the credit system
Review proposed loan packages for SBA eligibility following SBA program guidelines, policies, and procedures for more complex and/or non-routine deals
Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite; identify risk-related issues needing escalation to management
Promote an environment that supports belonging and reflects the M&T Bank brand
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable
Complete other related duties as assigned
Ensure customer credit requests are processed in accordance with bank policy, compliance, and Business Banking underwriting guidelines in a timely manner to support superior customer service and meet Service Level Agreements

Skills

Key technologies and capabilities for this role

Commercial LendingCredit AnalysisLoan UnderwritingSBA ProgramsFinancial AnalysisCash Flow AnalysisCredit InvestigationRisk AssessmentRegulatory Compliance

Questions & Answers

Common questions about this position

What education and experience are required for the Business Banking Underwriter I role?

A Bachelor’s degree in Business Administration and one year of commercial or business banking underwriting or related credit processing experience is required, or in lieu of a degree, a combined minimum of 5 years higher education and/or work experience including one year in commercial or business banking underwriting or related credit processing.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary for the Business Banking Underwriter I position?

This information is not specified in the job description.

What does the company culture emphasize at M&T Bank?

The culture promotes an environment that supports belonging and reflects the M&T Bank brand, while adhering to risk and regulatory standards, policies, and controls.

What makes a strong candidate for this underwriting role?

Strong candidates will have a Bachelor’s degree in Business Administration plus one year of commercial or business banking underwriting experience, or equivalent combined education and experience, along with understanding of SBA programs and ability to evaluate financial conditions and cash flow.

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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